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Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
 KNOWLEDGE TO ELEVATE
In a recent London Arbitration decision (18/17) the Tribunal had to consider whether the owners were entitled to recover additional expenses incurred in complying with charterers’ orders to stop loading operations.
The Facts
The vessel was voyage chartered for a voyage from the USA to Venezuela. Upon arrival at the load port, loading commenced. When charterers became aware of this they ordered the loading to stop. Loading did not then recommence until four days later. Owners claimed from charterers the additional dockage, security and guards’ expenses incurred as a result of the four day interruption to loading.
The Load Port Expenses
In respect of the additional load port expenses, the Tribunal held that the allocation of such expenses would usually fall to owners under the charterparty terms. This was because the charterers were entitled to use the laytime as they wished and so it followed that the associated expenses had to lie where they fell, i.e. with the owners. However, the Tribunal accepted evidence from the owners that an oral agreement had been reached between the owners and the charterers that charterers had agreed to pay the owners’ invoice in full, which included the additional port expenses. It was, therefore, as a result of this additional oral agreement that the Tribunal ordered the charterers to pay the additional port expenses to the owners. Without this oral agreement, which changed the terms of the charterparty, the owners would not have received any compensation for the additional load port expenses incurred as a result of the four day delay.
A Reminder
It is worth reminding owners that charterers do have an absolute right to use the given laytime as they see fit. There is no duty on them to load or discharge faster than the given laytime. Therefore, if a charterer orders the vessel to stop cargo operations when laytime is running, the port expenses incurred during the stop will usually be for owners. This is unless a specific clause (or additional oral or written agreement on this point) can be agreed between the owners and the charterers to the contrary.
Source: North of England P&I Club
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Sunday, 03 July 11
INDONESIAN GOVERNMENT HAS CLEARED 1509 COAL IUP'S AS CLEAR AND CLEAN
COALspot.com - The Directorate general of mineral & coal of Indonesia has cleared around 1,509 IUP holders (coal mining companies) as "clea ...
Sunday, 03 July 11
MONSOON IN INDIA PUSHED FREIGHTS UP FROM INDONESIA TO WC INDIA - VISTAAR
COALspot.com - The BDI continued to hold closing just 2 points below last week at 1,422 points which was supported by Cape index which was up by 71 ...
Friday, 01 July 11
BEN LINE OPENS A NEW OFFICE IN BERAU
COALspot.com - Ben Line Agencies has announced that it has opened a new office in the busy coal loading port of Berau in East Kalimantan increasing ...
Friday, 01 July 11
CAPESIZE RATES TO REMAIN DEPRESSED IN COMING MONTHS SAYS SHIPPING ORGANIZATION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a recent report, BIMCO reassessed that Capesize freight rates will remain in depressed territory in the coming months. Capesize Time Charter Aver ...
Thursday, 30 June 11
DRY BULK MARKET SHOWS SIGNS OF FURTHER WEAKENING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to shake off the additional supply of vessels, an oversupply issue of grave concern that would have occured e ...
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- Iligan Light & Power Inc, Philippines
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- Eastern Coal Council - USA
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- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
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- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
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- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
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- Minerals Council of Australia
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- Independent Power Producers Association of India
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- Australian Coal Association
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- The University of Queensland
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- Planning Commission, India
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- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
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- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
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- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Wilmar Investment Holdings
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- Cigading International Bulk Terminal - Indonesia
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- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
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- Thai Mozambique Logistica
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- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
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- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
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- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
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- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
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- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
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- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
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- Eastern Energy - Thailand
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- Parliament of New Zealand
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- Georgia Ports Authority, United States
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- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
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- Wood Mackenzie - Singapore
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- TNB Fuel Sdn Bhd - Malaysia
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